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Gunnison Copper Corp. (TSX: GCU,OTC:GCUMF) (OTCQB: GCUMF) (FSE: 3XS0) (“Gunnison” or the “Firm”) is happy to announce the closing of a second and last tranche of its beforehand introduced non-brokered non-public placement (the “Providing”) for mixture gross proceeds of C$150,000.30 from the issuance of 333,334 Models (every a “Unit”) to a single institutional investor. Every Unit, issued at a worth of C$0.45 per Unit, consists of 1 frequent share of the Firm (a “Widespread Share”) and one-half of 1 frequent share buy warrant (every complete warrant, a “Warrant”). Every Warrant entitles the holder to buy one Widespread Share at a worth of C$0.65 at any time on or earlier than October 31, 2028. The securities issuable pursuant to the sale of the Models might be topic to a four-month maintain interval in Canada pursuant to relevant Canadian securities legal guidelines that expires on March 1, 2026. The Firm raised mixture gross proceeds of roughly C$13.3 million below the Providing. Please check with the Firm’s press launch dated October 30, 2025 for extra particulars.
This information launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to promote any of the securities in the US. The securities haven’t been and won’t be registered below the U.S. Securities Act or any state securities legal guidelines and is probably not provided or offered inside the US or to U.S. Individuals except registered below the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is offered.
ABOUT GUNNISON COPPER
Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer that controls the Cochise Mining District (the district), containing 12 identified deposits inside an 8 km financial radius, within the Southern Arizona Copper Belt.
Its flagship asset, the Gunnison Copper Venture, has a Measured and Indicated Mineral Useful resource containing over 831.6 million tons with a complete copper grade of 0.31% (Measured Mineral Useful resource of 191.3 million tons at 0.37% and Indicated Mineral Useful resource of 640.2 million tons at 0.29%), and a preliminary financial evaluation (“PEA”) yielding sturdy economics together with an NPV8% of $1.3 billion, IRR of 20.9%, and payback interval of 4.1 years. It’s being developed as a standard operation with open pit mining, heap leach, and SX/EW refinery to provide completed copper cathode on-site with direct rail hyperlink.
The PEA is preliminary in nature and contains Inferred Mineral Assets which are thought-about too speculative geologically to have the financial issues utilized to them that might allow them to be categorized as mineral reserves. There isn’t any certainty that the conclusions reached within the PEA might be realized. Mineral Assets that aren’t Mineral Reserves wouldn’t have demonstrated financial viability.
As well as, Gunnison’s Johnson Camp Asset, which is now in manufacturing, is totally funded by Nuton LLC, a Rio Tinto Enterprise, with a manufacturing capability of as much as 25 million lbs of completed copper cathode yearly.
Different vital deposits managed by Gunnison within the district, with potential to be financial satellite tv for pc feeder deposits for Gunnison Venture infrastructure, embody Sturdy and Harris, South Star, and eight different deposits.
For extra data on the Gunnison Venture, together with the PEA and mineral useful resource estimate, please check with the Firm’s technical report entitled “Gunnison Venture NI 43-101 Technical Report Preliminary Financial Evaluation” dated efficient November 1, 2024 and obtainable on SEDAR+ at www.sedarplus.ca.
Dr. Stephen Twyerould, Fellow of AUSIMM, President and CEO of the Firm is a Certified Particular person as outlined by NI 43-101. Dr. Twyerould has reviewed and is liable for the technical data contained on this information launch.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
Sure statements contained on this launch represent forward-looking data inside the that means of relevant Canadian securities legal guidelines. Such forward-looking statements relate to using web proceeds from the Providing; the intention to deploy the Nuton® know-how on the Johnson Camp mine and future manufacturing therefrom; the continued funding of the stage 2 work program by Nuton; the main points and anticipated outcomes of the stage two work program; future manufacturing and manufacturing capability from the Firm’s mineral tasks; the outcomes of the preliminary financial evaluation on the Gunnison Venture; and the exploration and improvement of the Firm’s mineral tasks.
In sure circumstances, forward-looking data will be recognized by way of phrases resembling “plans”, “expects” or “doesn’t anticipate”, “funds”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “might”, “may”, “would”, “would possibly”, “happen” or “be achieved” suggesting future outcomes, or different expectations, beliefs, plans, goals, assumptions, intentions or statements about future occasions or efficiency. Ahead-looking data contained on this information launch relies on sure components and assumptions relating to, amongst different issues, Nuton will proceed to fund the stage 2 work program, the supply of financing to proceed as a going concern and implement the Firm’s operational plans, the estimation of mineral assets, the belief of useful resource and reserve estimates, copper and different steel costs, the timing and quantity of future improvement expenditures, the estimation of preliminary and sustaining capital necessities, the estimation of labour and working prices (together with the value of acid), the supply of labour, materials and acid provide, receipt of and compliance with mandatory regulatory approvals and permits, the estimation of insurance coverage protection, and assumptions with respect to foreign money fluctuations, environmental dangers, title disputes or claims, and different related issues. Whereas the Firm considers these assumptions to be cheap primarily based on data presently obtainable to it, they could show to be incorrect.
Ahead wanting data includes identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data. Such components embody dangers associated to the Firm not acquiring sufficient financing to proceed operations, Nuton failing to proceed to fund the stage 2 work program, the breach of debt covenants, dangers inherent within the building and operation of mineral deposits, together with dangers regarding adjustments in challenge parameters as plans proceed to be redefined together with the likelihood that mining operations is probably not sustained on the Gunnison Copper Venture, dangers associated to the delay in approval of labor plans, variations in mineral assets and reserves, grade or restoration charges, dangers regarding the power to entry infrastructure, dangers regarding adjustments in copper and different commodity costs and the worldwide demand for and provide of copper and associated merchandise, dangers associated to elevated competitors available in the market for copper and associated merchandise, dangers associated to present international monetary circumstances, dangers associated to present international monetary circumstances on the Firm’s enterprise, uncertainties inherent within the estimation of mineral assets, entry and provide dangers, dangers associated to the power to entry acid provide on commercially cheap phrases, reliance on key personnel, operational dangers inherent within the conduct of mining actions, together with the danger of accidents, labour disputes, will increase in capital and working prices and the danger of delays or elevated prices that is likely to be encountered throughout the building or mining course of, regulatory dangers together with the danger that allows is probably not obtained in a well timed vogue or in any respect, financing, capitalization and liquidity dangers, dangers associated to disputes regarding property titles and pursuits, environmental dangers and the extra dangers recognized within the “Threat Elements” part of the Firm’s experiences and filings with relevant Canadian securities regulators.
Though the Firm has tried to determine essential components that might trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking data, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or meant. Accordingly, readers mustn’t place undue reliance on forward-looking data. The forward-looking data is made as of the date of this information launch. Besides as required by relevant securities legal guidelines, the Firm doesn’t undertake any obligation to publicly replace or revise any forward-looking data.
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/272818
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